29 Cheapest Places To Live In The U.S.

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Texarkana, Texas

Source: https://www.ci.texarkana.tx.us/

Texarkana, Texas and its counterpart in Arkansas are the principal cities of the Texarkana Metropolitan Statistical Area. Combined, the twin cities have a population of 67,592 as of 2017. Texarkana’s economy is supported by its major employers, including the Red River Army Depot, Christus St. Michael Health Care, Cooper Tire & Rubber Company, Domtar, and Wal-Mart, all of which have over a thousand employees respectively.

While the unemployment rate in the city is higher than the national average, residents get their choice of affordable real estate, with housing-related expenses 29% lower than the U.S. average. Rental properties in Texarkana are considerably cheaper, averaging $700 a month. Food, groceries, transportation, health care, and utilities cost significantly less, too.

Cost of Living: 76.8
Median Home Value: $116,500
City Population: 37,295
Median Household Income: $40,229
Unemployment Rate: 4.1%